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Experts say the majority of the funding allocated to developing countries to address the effects of climate change and achieve their climate objectives is provided in the form of loans or investments, rather than grants, which means countries have to pay it back. This is a problem because the countries that need the money the most can't afford to pay it back.
According to data from the Climate Policy Initiative (CPI), an independent climate policy organization headquartered in San Francisco, regions housing the majority of low and middle-income countries received less than 25 percent of climate finance flows
Amitabh Kant, India’s Sherpa to the G20, talks about the progress made in talks during India’s presidency and the major achievements - Issue Date: Sep 03, 2023
Considering significance of the BRICS 15th Summit Declaration, Countercurrents is posting the Declaration’s complete version.
The Johannesburg BRICS declaration was adopted at the 15th summit of the bloc in South Africa on August 23 Read Full Article at RT.com